HomeMy WebLinkAbout05-10 - Res. Relating to Loans through American Recovery and Reinvestment Act of 2009 BelfairRESoLUnoN No. o6'10
A RESOLUTION relating to loans offer through the American Recovery and
Reinvestment Act of 2009 administered by the Washington State Department of
Ecology for the construction of the Belfair Wastewater and Water Reclamation
Facility
WHEREAS, the Board of County Commissioners has work diligently for several years to improve
the water quality in Hood by constructing a sewer collection and disposal system in the Belfair
area of Mason County;
AND WHEREAS, The Washington Department of Ecology has offered though the American
Recovery and Reinvestment Act of 2009 Mason County two loans, one of which the principal is
forgivable, to assist in building the infrastructure required to protect Hood Canalwater quality;
AND WHEREAS, Loan Number L1OO026 is a 20 year loan at 2.Bo/o interest rate and totals
$1,SZb,Ob7 which can be used solely for work associated with the construction of the Belfair
Wastewater Reclamation
AND WHEREAS, Loan Number 11050026 has s a forgivable principal of $4,316,829 and also
can only be used for work associated with the construction of the Belfair Wastewater Reclamation
Facility.
NOW THEREFORE BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS Of
Mason County, that we accept the loan offers submitted by the Department of Ecology and
accept the scope of work in its entirety outlined in the loan agreement'
ADOÞTED: ap*)\)Èø\)t 2.V | ?J)\a
BOARD OF COUNTY COMMISSIONERS
MASON COUNTY, WASHINGTON
ATTEST:
'T 5t!.'9,.t-
Tim Sheldon, Commissioner